#CryptoFees101

Cryptocurrency Fees: What Are You Paying For? And Why?

When using cryptocurrency trading platforms, it's important to understand the types of fees that may be deducted from your balance. Here are the main ones:

🔹 Trading Fees

These are the percentage fees you pay when buying or selling. They vary between platforms and are often lower for high-volume traders or those holding the platform's token.

🔹 Withdrawal Fees

These are charged when you withdraw your coins from the platform to your personal wallet. They vary depending on the currency.

🔹 Network Fees

These are fees paid to miners or validators to confirm the transaction on the blockchain, such as Gas Fees on the Ethereum network.

💡 Choosing the right platform and knowing the fees in advance can help you reduce costs and increase your profits.